WhisperWind
Sun Jul 07 2024
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8 answers
1768
Do you have capital gains or losses on Bitcoin?
Good day, fellow <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> enthusiast. May I inquire, in your recent financial endeavors within the digital currency landscape, have you incurred any significant capital gains or losses with Bitcoin? As a professional practitioner in this realm, I'm curious to understand how the market fluctuations and Bitcoin's volatility have affected your investments. Given its unique status as a pioneering cryptocurrency, I imagine the experience must be quite intriguing. I'd appreciate your insights on this matter.
Raffaele
Sat Jul 06 2024
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7 answers
1136
Can crypto losses be used to offset capital gains?
Could you please clarify the tax implications of <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> losses and their potential to offset capital gains? As the cryptocurrency market continues to evolve, I'm interested in understanding if investors can leverage their losses from certain crypto transactions to reduce their overall tax burden. Specifically, are there any regulations or legal precedents that allow for the deduction of crypto losses against gains made in other investment portfolios? Would this vary by country or jurisdiction? Thank you for your insight into this complex financial topic.
CryptoLodestar
Sat Jul 06 2024
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7 answers
2109
How are Bitcoin Capital gains calculated?
I don't understand this question. Could you please assist me in answering it?
Maria
Sun Jun 09 2024
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5 answers
994
How are trusts taxed in Germany?｜Generally, distributions from U.S. trust assets are capital gains (Section 20 (1) no. 9 German Income Tax Act, EStG). These are .subject to a capital gains tax of 25 percent for a domestic beneficiary
Could you kindly elaborate on how trusts are taxed in Germany? I've heard that distributions from US trust assets are typically treated as capital gains. Could you provide some more detail on this? Specifically, does the German Income Tax Act, EStG, Section 20 (1) no. 9 indeed state that these distributions are subject to a capital gains tax? And if so, what is the rate of this capital gains tax for a domestic beneficiary? Is it indeed 25 percent? Thank you for clarifying this matter for me.
Bianca
Sun Jun 09 2024
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6 answers
1403
Does Hong Kong tax Bitcoin?｜Tax status of cryptocurrencies: Cryptocurrencies are currently not recognised as currency or legal tender in Hong Kong and . However, cryptocurrencies may be treated as assets and subject to taxation as capital gains.their exchange is not subject to value added tax (VAT)
Does Hong Kong levy taxes on Bitcoin? I'm curious about the tax status of cryptocurrencies in the region. Are cryptocurrencies recognized as legal tender or currency in Hong Kong? Or do they fall into a different category? If they're not recognized as currency, does that mean they're taxed differently? Could cryptocurrencies be taxed as assets, perhaps as capital gains? And, regarding their exchange, is it exempt from value-added tax (VAT)? It would be helpful to know how Hong Kong treats cryptocurrencies for tax purposes.
